Sunday, August 06, 2006

It would appear that any attempt by OPEC member states in the Middle East or Latin America to transition to the euro as their oil transaction currency standard shall be met with either overt U.S. military actions or covert U.S. intelligence agency interventions. Under the guise of the perpetual `war on terror' the Bush administration is manipulating the American people about the unspoken but very real macroeconomic reasons for this upcoming war with Iraq. This war in Iraq will not be based on any threat from Saddam's old WMD program, or from terrorism. This war will be over the global currency of oil. A war intended to prevent oil from being priced in euros.

Sadly, the U.S. has become largely ignorant and complacent. Too many of us are willing to be ruled by fear and lies, rather than by persuasion and truth. Will we allow our government to initiate the dangerous `pre-emptive doctrine' by waging an unpopular war in Iraq, while we refuse to acknowledge that Saddam does not pose an imminent threat to the United States? Furthermore, we seem unable to address the structural imbalances in our economy due to massive debt manipulation, unaffordable 2001 tax cuts, record levels of trade deficits, unsustainable credit expansion, corporate accounting abuses, near zero personal savings, record personal indebtedness, and our reliance and over consumption of Middle Eastern oil.

Regardless of whatever Dr. Blix finds or does not find in Iraq regarding WMD, it appears that President Bush is determined to pursue his `pre-emptive' imperialist war to secure a large portion of the earth's remaining hydrocarbons, and ultimately use Iraq's underutilized oil to destroy the OPEC cartel. Will this gamble work? That remains to be seen. However, the history of warfare is replete with unintended consequences. It is plausible that the aftermath of the Iraq war and a U.S. occupation of Iraq could increase Al-Qaeda sponsored terrorism against U.S. targets, or more likely create guerilla warfare in a post-war Iraq. Moreover, continued U.S. unilateralism could create economic retribution from the international community or OPEC.

The question we as Americans must ask -- Can the US military control by force all oil-producing nations and dictate their oil export transaction currency? In brief, the answer is no. Will we forfeit any pretense of practicing free-market capitalism while we enforce a military command economy for global oil transactions? Is it morally defensible to deploy our brave but naïve young soldiers around the globe to enforce U.S. dollar hegemony for global oil transactions via the barrels of their guns? Will we allow imperialist conquest of the Middle East to feed our excessive oil consumption, while ignoring the duplicitous overthrowing of a democratically elected government in Latin America? Is it acceptable for a U.S. President to threaten military force upon OPEC nation state(s) because of their sovereign choice of currency regarding their oil exports? I concur with Dr. Peter Dale Scott's sentiments on this question:

". . . hopefully decent Americans will protest the notion that it is appropriate to rain missiles and bombs upon civilians of another country, who have had little or nothing to do with this (financial) crisis of America's own making."

"A multilateral approach to these core problems is the only way to proceed. The US is strong enough to dominate the world militarily. Economically it is in decline, less and less competitive, and increasingly in debt. The Bush peoples' intention appears to be to override economic realities with military ones, as if there were no risk of economic retribution. They should be mindful of Britain's humiliating retreat from Suez in 1956, a retreat forced on it by the United States as a condition for propping up the failing British pound. [25]

Lastly, how can we effectively thwart the threat of international Al Qaeda terrorism if we alienate so many of our European allies?

Paradoxically, this administration's flawed economic policies and belligerent foreign policies may hasten the outcome they hope to prevent -- further OPEC momentum towards the euro. Furthermore, using U.S. military and/or the threat of force is a rather unwieldy instrument for Geostrategy, and as such it is unlikely to indefinitely thwart some OPEC members from acting on their `internal discussions' regarding a switch to euros. Informed U.S. patriots realize this administration's failed economic policies in conjunction with their militant Imperialist overreach is proving not only detrimental to our international stature, but also threatens our economy and civil liberties. Thus, remaining silent is not only misguided, but false patriotism. We must not stand silent and watch our country continue these imperialist policies. The US must not become an isolated `rogue' superpower, relying on brute force, thereby motivating other nations to abandon the dollar standard -- and with the mere stroke of a pen -- slay our superpower status?

This need not be our fate. When will we demand that our government begin the long and difficult journey towards energy conservation, development of renewable energy sources, and sustained balanced budgets to allow real deficit reduction? When will we repeal the clearly unaffordable 2001 tax cuts to facilitate a balanced fiscal budget, enforce corporate accounting laws, and substantially reinvest in our manufacturing and export sectors to gradually but earnestly move our economy from a trade account deficit position back into a trade account surplus position?

Indeed, over the last two decades, the significant loss of U.S. manufacturing capability to foreign competition has adversely affected our ability to maintain a sustainable economy. The "New Economy" paradigm of the 1990s has created a false `service sector economy' that simply cannot sustain the U.S.'s economic and military power status in a competitive globalized economy. Undoubtedly, we must make these and many more difficult structural changes to our economy if we are to restore and maintain our international "safe harbor" investment status.

Furthermore, it would seem imperative that our government begins discussions with the G7 nations to reform the global monetary system. We must adopt our economy to accommodate the inevitable ascendance of the euro as an alternative international reserve currency. I concur with those enlightened economists who recommend the U.S. begin the process of convening the next `Bretton Woods Conference.' The U.S. government should compromise and agree to the euro becoming the next international reserve currency. A compromise on the euro/oil issues via a multilateral treaty with a gradual phase-in of a dual-OPEC currency transaction standard seems inevitable. It would also seem prudent to investigate a third `Asia bloc' of the Yen/Yuan as reserve currency options to give balance to the global monetary system.

While these multilateral reforms may lower our excessive oil consumption, force the US government to engage in fiscally responsible policies, and reduce some of our global military presence, perhaps these adjustments could also reduce some of the animosity towards U.S. foreign policies. Secondly, it is hoped such reforms could improve the quality of our lives, and that of our children by motivating the U.S. to finally become more energy efficient. Creating balanced domestic fiscal polices, rebuilding alliances with the E.U./world community and energy reform are in the long-term national security interests of the U.S. Global Peak oil is a challenge to humanity itself, and will require an unprecedented amount of international cooperation and coordination to overcome this history-making event. Furthermore, global monetary reform is not only necessary, but could mitigate future armed or economic warfare over oil, ultimately fostering a more stable, safer, and prosperous global economy in the 21st century.

Unfortunately, the proposed multilateral conference on monetary reform and energy reform is viewed as abhorrent to the current neoconservative movement, which is premised upon the US as the "Pre-eminent" global Empire. [26] Even a cursory reading of the neoconservative agenda as outlined in the Project for a New American Century (PNAC) policy document illustrates their idealistic goal is US global dominance -- both militarily and economically. Indeed, the Bush administration's entrenched political ideology appears quite incompatible with multilateral economic reform. The neoconservatives seem to view compromise as antithetical. Ultimately We the People must demand a new administration. We need responsible leaders who are willing to return to balanced budgets, conservative fiscal policies, and to our traditions of engaging in multilateral foreign policies while seeking broad international cooperation.

Equally important, we must bear in mind the wisdom of founding fathers like Thomas Jefferson who insisted that a free press is vital, as it is often the only mechanism to protect democracy. The American people are not aware of the issues outlined in this essay because the US mass media has been reduced to approximately six large media conglomerates that filter 90% of the information that flows within the U.S. Sadly, part of today's dilemma lays not only within Congress but also a handful of elitist, imperialist-oriented media conglomerates that have failed in their Constitutional obligations to inform the People. Critical information about the Iraq war was only available via the Internet, which should not be our only source of real, unfiltered news.

Finally, despite the media reporting otherwise, the current wave of `global anti-Americanism' is not against the American people or against American values -- but against the hypocrisy of militant American Imperialism. I respectfully submit the current polices of the neoconservative movement as expressed through various PNAC documents, their manipulation of the citizenry through fear, and the application of unilateral U.S. military force is treasonous not only to the American Public, but incompatible to the very fundamental principles that founded our nation.

It has been said that the vast majority of wars are fought over resources and economics, and even so-called "religious wars" usually have economics or access to resources as a hidden motive. The Iraq war is no different from other modern wars except it appears to usher in `oil currency' as a new paradigm for warfare. However, the world community may not tolerate an imperialist U.S. Hyper-Power that ignores International Law while using military force to conquer sovereign nations. Indeed, the facts suggest additional oil-producing nation states will eventually exercise their sovereign right by pricing their oil exports in euros instead of dollars.

I will reiterate the fundamental issue facing our country -- Can the US military and intelligence agencies control the governments in all oil-producing nations -- as well as their oil export currencies? In brief, the answer is no. The question becomes how many countries will we allow our government to overthrow under the false pretext of the next "war on terror?" Additionally, how much international "blowback" against the US and its citizens would such a Geostrategy create? Likewise, if President Bush pursues an unprovoked and basically unilateral war against Iraq, the historians will not be kind to him or his administration. Their agenda is clear to the world community, but when will US patriots become cognizant of their modus operandi?

"It is the absolute right of the State to supervise the formation of public opinion."

"If you tell a lie big enough and keep repeating it, people will eventually come to believe it."

"The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State."

-- Dr. Joseph Goebbels, German Minister of Propaganda, 1933-1945

(Revisited - The Real Reasons for the Upcoming War With Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken Truth by William Clark)

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